Global mobile imaging services market was worth USD 1.55 billion in 2016. It is forecast to grow at a CAGR 3.2% during the forecast period. The rising incidence of chronic diseases like cancer, heart disease, gastrointestinal disorders, neurological disorders, lung diseases, and other conditions is driving demand for mobile imaging services. Increased longevity, increased alcohol consumption, unhealthy eating habits and smoking are all factors that contribute to the rise in chronic diseases.
Market growth is also supported by the increasing use of imaging technology to monitor disease progression and detect it. The combination of informatics with advanced imaging techniques has enabled remote data storage that is extremely convenient for healthcare professionals. This makes it possible to track and trace the patient's history.
The market can be divided by product into x-rays, computed tomography(CT), ultrasound, magnetic radiation imaging (MRI), mammography and nuclear imaging. Other segments include bone densitometers, stereotactic breast-biopsy equipment and bone densitometers. Market growth is expected to be driven by several factors, including revenue enhancement, cost savings, new service lines and physician adoption. These services can be used to diagnose diseases like osteoporosis and arthritis as well as heart disease.
MRI is the most popular product segment. This is due to increasing brain injury rates, multiple sclerosis, and technological advances in the field. MRI services are offered by Cobalt Health and Front Range Mobile Imaging, as well as Shared Medical Services and Cobalt Health. The segment that will experience the highest growth rates is expected to be the bone densitometers, stereotactic breast-biopsy equipment and the other segments. This segment is expected to grow due to rising incidences of osteoporosis, and growing geriatric populations.
Hospitals, private clinics, as well as patients in home-care settings are the major end-users for mobile imaging services. Many initiatives taken by governments across the globe to support remote monitoring are two of the main factors driving the demand for these services in home and old-age care settings.
In 2016, the largest revenue share was held by hospitals and private clinics. Private clinics and hospitals are adopting mobile imaging units rapidly because they save space and reduce the need for infrastructure investment. Additionally, doctors can obtain scans right away and decide the best treatment plan. In the near future, an increasing patient pool will drive demand for these services in palliative and sports rehabilitation centers as well as geriatric care centres.
Europe is second, with North America being the most developed. These markets are seeing exponential growth due to remote patient monitoring and Telehealth Services. The U.S. has the largest market for mobile imaging services globally. These services are popular in the country because of their advantages, including the ability to save cost and space. These services also offer convenience, as they reduce the time it takes to see patients. This has increased its acceptance in the region.
Despite the fact that mobile imaging services are not widely used in Asia Pacific, they have recently been launched in India and Malaysia. These countries will play a significant role in the Asia Pacific market's growth for mobile imaging services.
Cobalt Health and Front Mobile Imaging are some of the major players in this market. Nuffield Health, Alliance HealthCare Services and InHealth Group Ltd. are also key players. To strengthen their market position, key players have adopted strategies like collaborations, mergers-and-acquisitions and partnerships. Alliance HealthCare Services, for instance, announced in May 2017 a signed agreement to Red Rocks Radiation and Oncology, LLC. Alliance HealthCare is expected to benefit from this partnership in order to bring the best quality clinical care and patient experience to the community, and to expand its product range.
This report predicts revenue growth at the global, regional, or country level. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2014 through 2025. Up Market Research segmented the global market for mobile imaging services on the basis of product type and end use.
Product Type Outlook (Revenue USD Millions, 2014-2025)
X-ray
CT
Ultrasound
MRI
Mammography
Nuclear Imaging
Other
End-use Outlook (Revenue USD Million, 2014-2025)
Hospitals & Private Clinics
Home Healthcare
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Canada
Europe
Germany
The U.K.
Asia Pacific
Malaysia
Latin America
Mexico
Brazil
MEA
UAE
b. Global mobile imaging services market was valued at USD 1.70 Billion in 2019, and is forecast to grow to USD 1.75 Billion by 2020.
How is the market for mobile imaging services growing?b. Global mobile imaging services market will grow at a compound annual rate of 3.2% between 2017 and 2025, to reach USD 2.05 Billion by 2025.
Which segment had the largest market share in mobile imaging services?b. MRI segment dominated mobile imaging services in 2019, with a 42.5% share. This can be attributed to the increasing number of brain injuries and multiple sclerosis, as well as technological advances in this field.
What are the top players in the mobile imaging market?b. Cobalt Health and Front Mobile Imaging are some of the key players in the mobile imaging market.
What are the driving factors for the market for mobile imaging services?b. Market growth is driven by the rise in chronic diseases like cancer, heart disease, gastrointestinal disorders, and neurological disorders.
Up Market Research published a new report titled “Mobile Imaging Services Market research report which is segmented by Product Type (MRI, CT, X-ray, Ultrasound, Nuclear Imaging, Mammography), by End Use (Home Healthcare, Hospitals & Private Clinics), By Players/Companies Cobalt Health, Alliance HealthCare Services, Digirad Corporation, Nuffield Health, InHealth Group Ltd, Front Mobile Imaging”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Mobile Imaging Services Market Research Report |
By Product Type | MRI, CT, X-ray, Ultrasound, Nuclear Imaging, Mammography |
By End Use | Home Healthcare, Hospitals & Private Clinics |
By Companies | Cobalt Health, Alliance HealthCare Services, Digirad Corporation, Nuffield Health, InHealth Group Ltd, Front Mobile Imaging |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 221 |
Number of Tables & Figures | 155 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product Type (MRI, CT, X-ray, Ultrasound, Nuclear Imaging, Mammography), by End Use (Home Healthcare, Hospitals & Private Clinics).
Mobile Imaging Services Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Mobile Imaging Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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